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at this in a small section of society. what is the south korean government going to do about it? >> reporter: yeah, i think you're right. south korea is one of the most connected countries in the world. north korea one of the least connected at presence very minimal on the internet, but the upper echelons even have access to the internet. but they have illustrated they have put a lot of effort, training, resources into getting the best and brightest in north korea trained up on cyber warfare tactics. they're very prevalent on the inside in attacking particularly south korean institutions, they've done it on a number of occasions. south korea has been trying to address that. they've got their own training college to sort of sort of train cyber warriors. they also have a special committee they formed just today to tackle this crisis whether they're going to identify the threat they say and implement the kind of countermeasures they say they need to prevent this from ever happening again. >> matthew chance, thank you so much from seoul, south korea. >>> well, tensions rising over the civil war in syria.
with the israeli government? >> you know, i think as much as anything, he's trying to slightly reset them with the general israeli public. one realizes that netanyahu knows what the deal is. they've met ten times? that's far more than he's met with putin, far more than the leaders with china and ironically more than some particular congressional leaders. but reputations and images, as you know, good and bad, are hard to lose. and here's a situation in which the image among both conservatives in this country and among the israeli public fly in the face of what are the facts. never in history on many levels, intelligence sharing, military aid, security information being shared has a relationship been any stronger than it is today and a little bit of news if you're listening to that press conference was that this significant military aid package that we have with israel that we give israel, looks like it's going to be extended by another ten years as of the year 2017. now, that doesn't sound like mortal enemies at work. and when you look at what played out today and it wasn't just the joking
's the whole issue of governing, management of the vatican and that's going to keep him very busy, indeed. >> yeah. just an immense amount of work that needs to be done. >> big job ahead of him. ben wedeman. there was one person who definitely did not want francis to become pope. >> someone rather close to him, knows him very well. the former argentine cardinal, we are talking about his sister, maria. take a listen to what she said. >>. >> translator: i pray that he wouldn't get elected. during the conclave, i was praying that the holy spirit would intervene and not listen to my prayers. and it didn't listen to me. >> translator: it didn't listen to you? >> no, it did as it pleased. >> she's very happy for her brother and it's quite likely her life will change, too. you can imagine the media folks hounding her. >> we're not going to leave her alone. >> forget about it. >> want to get back to a top story. financial crisis brewing in europe. cyprus needing a bailout. the country's parliament ready to vote on a plan that includes one-time tax on most of the country's bank accounts. >> contro
responsibility for security to the afghan government. chief washington correspondent james rosen joins me live now. james, bring us up to date. >> reporter: good morning. every leader between u.s. leaders and hamid karzai seems to be fraught with tension and this one is no different. aides say secretary kerry's talks will not dwell on the karzai's allegations that the u.s. and taliban are conspiring to weaken the afghan nation. rather they will discuss security concerns as the u.s. and nato mission in afghanistan winds down over the next 29 months and the need for transparency and fairness in the upcoming elections. for the first time in 12 years hamid karzai will not appear on the ballot. over the weekend jon mentioned secretary kerry met with another leader that. iraqi's leader, nouriel malaki. he wants iran to stop using iraqi airspace to deliver foreign fighters to the fighters and the regime in damascus. >> may made it clear members of congress and people in america are increasingly watching what iraq is doing and wondering how it is that a partner in the efforts for democracy and a partn
's a holiday here on monday. that would give the government five more days to either get money out of russia or come up with some other way to solve the math here. remember when the end game is. this country asked for 17 billion euros from other european countries and they said we're not going to give you that much. we'll only give you 10 billion euros. we'll help you out with recapitalizing the banks but you guys have to come up with nearly 6 billion on your own and really the only place to get it is in deposits. we saw the parliament reject that last night. here's the one piece of insight that i can give you since being on the ground here. overseas everyone was aghast that would try to tax insured deposits. the vast majority of the cypriots we talk to are aghast at the concept of taxing any deposits even the wealthy. they see it as an attack on the business model of the country. and they don't want that to happen. where do you come up with the money is the question? guys, back to you. >> so many different angles as we go on. they'll take an american credit card. you're using credit cards a
that you have to remember that the prime minister of israel just formed a very fragile coalition government, and so the president, it's very shaky ground in israel, as well, in terms of his approval among israeli jews. many of them are sort of neutral about president obama. they don't dislike him but they don't adore him. and so for each man there is a big reason to show that they are in good for the other guy, to get some credit here in israel. and so, yes, there is good reason for each to show that all those old wounds are well on their way toward healing. nobody here is going to pretent that they don't have troubles. but they are showing that they can get along. >> keep looking for those smiles. thanks to jessica yellin in tel aviv this morning. we will come back to you over the course of the morning. this went from what was going to be a symbolic visit to one where all of a sudden there are urgent matters to discuss with the specter of chemical weapons possibly being used in syria. we want to go to our senior international correspondent ivan watson in amman, jordan, this morning. and iv
the reported 10 billion euros. he said the number has been exaggerated by the communist government, the former communist government. the officials are saying the imf nor the ecb has independently verified this figure. tyler, i have a call in to the imf. i'm awaiting their response. >>> 40% of the deposits in the cyprus banks belong to foreigners. many of whom are russian investors. robert frank here with the fallout on this. i guess it's easier for the cyprus officials to say let me take the money out rather than lay the whole cost of this bailout on cyprus' taxpayers. >> but the way they did it is surprising. cyprus is not just a tax haven for russia, it is the tax haven for russian millionaires and billionaires. russia has invested $119 billion, that's with a "brks" in cyprus in 2011 alone. that's by far the largest recipient of russian investments in the world. equal amount of investment came back to russia from cyprus. funny how that works. russian investment is five times the total economic output for cyprus. russians account for $20 billion of total bank deposits or, tyler, as you mentio
. and they are rushing to take out their money which lead to the government shutting down all of the banks until at least thursday. most upset about all of this is the russian president, vladimir putin. they are rumored of depositing 19 billion euros in the cypress banks. anyway, let's go live to cypress. >> leave him alone, man. >> almost as good as a hawk eating a mouse video. >> what did this mean for america? and america ferarra as a country. >> cypress is to russia as the caymen islands is to the united states. i don't think it is going to affects our banking system. they had that choice. either that country defaults or they tax the banks and it is the russian money that is in there. >> let's say you have money in the caymen islands. >> oh, i do, greg. >> you probably do. and then all of a sudden the caymen islands decides they will take your money. isn't that an act of war? >> are you a dope for doing it. qaddafi did that. all of those people had the money. the libyan banks and qaddafi and your choice is to poke them in the chest and say give it back and he said no. that's the risk you take. you sa
that engine that they used in the campaign and make it work for them and governing. when they made their press transscripts available on the record, the press secretary james haggard was very interested in getting things out directly. he said in one of his diary entries, to hell with reporters, we'll go directly to the people. those have to do with what the president is doing inside the white house, and then that information spreads. so you can have smgs like "the huffington post" thinking i could simply go around them in the white house press corps is irrelevant. it remains very relevant. >> the white house issues a photograph of the president in any setting, but it is only a society photo. are news organizations becoming reluctant to use that photo? >> it is really quite the opposite. they have started picking up that image on flicker. what you see is the white house photographer is there to photograph the president, not the presidency, not what's happening in the white house, but solely the president. and i think that that really limits what the public knows. >> martha joynt kumar, the aut
needs to essentially try to help president abbas. the israeli government will tell you if they are going to make peace, president abbas is the one person they trust. he is aging. he has a fractured palestinian leadership. hamas is essentially sending the message to him we might not support you. be careful. plus the president of the yunitd states labels hamas a terrorist group. united states government before and after obama will likely claim hamas a terrorist group. his government labels part of the palestinian government a terrorist organization, trying to bring abbas back to the table. add into that this new resentment you sense on the palestinian street that the president is so worried about repairing relations. it's eight miles from ramallah to jerusalem. this is a tiny packed, tense neighborhood. the president's first international trip of his second term is much more focused on israel than it is on them. >> john king, thanks, in israel this morning. >>> any second now we are waiting president obama, his remarks with the palestinian leader, mahmoud abbas. we will bring you those rem
. they are not funding at government entities. it's very difficult to do the work you do and i commend you for it. what kind of demand do you have for the services that you provide? >> an unmeetable demand. you are right. we are privately funded and we scrounge for funds to keep working. we not only get to use students to work on our cases but we also get to teach them and get them to understand those things that john was talking about, how they need to question, don't go into court when a judge says, oh, well, yes the statute for post conviction dna says that you are entitled to counsel but i'm suspending that because there is no money to pay for an attorney. don't walk out and say a judge says we can't do it. teach them. then because we have no money, we reach out to the local bar. law firms like jim's law firm or chris's law firm help us in situations where we are trying to establish counsel and reinforce. we get over a thousand cases a year. from that first request we are usually able to take it down to about half. many of them who are writing to us are not claiming to be innocent. they are probabl
will muck that up. wow. that's nice. >> they're praying for ineptitude. >> justice be governed by the fear of god. >> oh, my god. >> perkins was on one of the shows. it is great there is a show on now about him as a young man. >> who is the patron saints of ineptitude? >> sonia sotomayor was a bouncer at a bar at yale. i think she could put the fear of god into anybody. >> stephanie: was she really? >> she was. >> stephanie: she's going to break the bottle and go. >> oh, yeah. you know, it is becoming the best thing in the supreme court. [ ♪ circus ♪ ] >> stephanie: hey speak of festive news. you bring us from your home state, judge in louisiana says people convicted of violent crimes can own and carry guns. what could go wrong there? >> no, nothing at all. [ ♪ "world news tonight" ♪ ] >> i love it was because of a law, an amendment to the state constitution that they passed in louisiana last year that said that the right to keep and bear arms is a fundamental right and any restriction must require these highest standard of review by a court. so applying that to whether or not any
the deadline for cyprus. one spokesman for the cypriot government saying the next few hours will determine the future of his country. a couple of consumer reads, popping pre-market on quarterly result the company had in january and nike ends an eight-quarter streak delivering a quarter and the top expectations and shares soaring this morning. for all of you who have been waiting for the z10. the day has come. blackberry available in stores and we'll check in on a store to see how demand is shaping up. >> indexes looking to bounce back after posting their biggest losses in three weeks. wall street keeping a close eye on cyprus where officials are working on another plan to secure the bailout. thises as the mediterranean nation is facing an ultimatum by the central bank. face losing emergency funds for cyprus' banks. this morning the cypriot government spokesman said the next few hours will determine the future of the country. cyprus' finance minister has returned from russia after two days of unsuccessful talks there to reach some sort of funding deal. so that story goes on and it will play
mateo dog owner filing a half million dollar lawsuit against the federal government after the park ranger tasered him for letting his pet run off leash. you may remember this, the man was detained for not having the dog on the leash, the running trail he was on was part of the golden gate national recreation area which requires the dogs to be on a leash. the accusations went further aft. the district attorney decided not to prosecute. >>> and an alameda county judge accused of stealing more than a million from an elderly neighbor resigned. just paul seeman was accused of stealing $1.6 million from an elderly neighbor in the hills for a 13-year period. prosecutors say he befriended the woman and handled her finances after her husband died in 1999. his attorney says resigning is what is best for the good of the court. a preliminary hearing is set for april 18th. >>> two long-term and well-own attorneys are accused of breaking the law. brooks and reid illegally interfered with the bidding process on a major construction contract. t turner's vice president has close ties with brooks an
or granddaughter, he has to register with the government to give that gun to his grandchildren. in addition, senator schumer insists on keeping a registry of guns. the federal government keeping a national registry of gun sales and gun purchases and gun owners. >> but if you don't have records, how does the background check make a difference? >> it does make a difference. right now, i can go into a gun store in texas to purchase a weapon, i go through a background check, they have to ascertain that i don't have a criminal background. and then, i can purchase a gun. why is it's different than that is politics. there could be a lot of mutual agreement found on closing some of these so-called gun show loopholes. we could probably get agreement on a widespread basis of peope saying, you go to a gun show, you pass a check, you get your stub that allows you to purchase a weapon, and that's it. but this goes far beyond that. >> what's the answer to that. >> 40% of all gun sales currently don't go through background checks. background checks have stopped 2 million people from getting guns that they
. that is one way to hedge it. there is more concern on at this time alley -- italy forming a new government. last three years we had the o in the first quarter only to see in april and may a curveball is thrown at us. that might be in the back of traders mind. david: a new government in italy. what a shock and surprise? only happens about twice a year. shibani: a lot of deja vu going on. tim, we'll check in with you with a few minutes to see how the s&p futures pit closes. david: thanks, tim. let's bring in the market panel with ralph and jim. great to see you. happy friday. jim, first to you, no matter what you throw at this market it keeps climbing. do you think it continues throughout the year? are we going to be closing out the year at new highs? >> david, i think we make new highs but i'm not sure we would close out the year at new highs. we'll see a higher market in here, but i think we'll probably consolidate something below that and close the year but it will still be a very good year for the equity markets. as you point out complacency in my experience does not make good investment
with their own sell order what's going on. housing is a big part of the economy but so is government spending. i think government spending is really being ratcheted back here. that's going to be a major focus in the month of april. we'll hear endlessly about government spending coming down. >> the note on oracle this morning, this shows incremental softness in i.t. spending environment. that's weighing on all tech names. ibm is down 1.25%. that's a huge weight on s&p 500 at this hour. a lots of them we are watching in the tech sector. s.a.p. down 2.5%. crm down 1%. it is taking everything down at this point. >> oracle was bad. can't mince words about it. >> was oracle being bad a sign of what's bad in overall tech spending or was oracle bad more of a sign of what's bad at oracle? or both? >> it is a big government provider. dell is, too. that's hurt dell. this was sloppy execution. deliver, deliver, deliver. are they losing share in the cloud? clearly. they won too many nine-figure deals. at the same time the market says i want to buy that weakness. why is lululemon up? they want to buy that wea
the relationship between the members of this troika and whether this body can continue to govern these bailouts going forward. so it includes the imf led by christine legarde, ollie rehn and the relationship between the banks. the relationships looked extremely tense last night, but on their way out, they tried to assure us that there is actually no problem. here is what christine legarde had to say about it. >> would you tell us about the future of the troika with regards to future bailout? >> the troika is doing fine. actually, there are two of us. we're doing okay. thank you very much. >> so, you know, an attempt to look friendly, that was two out of the three representatives. we didn't see mario draghi, although he was present for these deliberations. so at a time when the eurozone has an economy that's extremely weak, where we've just learned that if anything the downturn is accelerating, that the austerity measures haven't succeeded in turning this country around and that there still is no uniform way here of dealing with the failure of these banks or frankly with sovereign bailouts going
of it is is that whether you believe the united states government or members of the united states government were complicit or actually were active in 9/11, the truth was there is no debate at all that they used it for a false pretense to enter the iraq war and to exercise the military action in the middle east on a skill that they never had the right to do or the justification to do. the interesting thing is it's like people get so caught up in the conspiracy aspect of 9/11 itself that they forget there was an actual, beyond debate mechanic of conspiracy to use 9/11 as a precursor to go into iraq when they knew they had nothing to do with 9/11, there was no ties from al-qaeda to sadaam hussein or iraq. they were not there. they had not been there. as a matter of fact, it was quite the opposite. it was one of the areas because of his secular rule that they did not have ground. the presence of al-qaeda was not going to happen. that was actually one of the groups he would have used chemical weapons against. how do you like that? that's amazing. thanks for the call alan. i think we have time for one more call
and that can be done in a couple of days, you reduce the government's financing demand requirement down to approximately 5 billion euros. because then all your financing are the government deficits. >> adam, thank you so much. >> my pleasure. >> becky, you highlight a really good point. what is very clear from this government and also from the people on the ground that i've spoken with is they absolutely don't want to see a reduction in the sides of the banking system here because they know that is what 50% of the economy and a ton of the jobs, as well. they realize it's going to be a change of livelihood. changes that will happen in this country no matter what are going to be startling to the people here. >> i saw all the headlines coming from russia and the president here making strong comments. is that going to fall on deaf ears in europe? is that not a big deal as far as they're concerned? >> that would be my interpretation, absolutely. would you agree with that, adam? whatever russia says is going to fall on deaf ears when it comes to the troika? >> it doesn't fall on deaf ears. bu
in washington, it is a big job on capitol hill with the senate expected to approve a plan to keep the government running, and we're getting word funding for some critical programs hit hard by automatic spending cuts might also be restored. chief congressional correspondent mike emanuel live on capitol hill with that. seems like the biggest fight is not the short-term funding, but the broader budget debate, huh. >> >> reporter: the so-called continuing revolution to avoid a government shutdown seems to be on the path toward passage. overall, everybody seems to be feeling pretty good about it. so rather than going on the senate floor and singing "kumbaya", senate majority leader harry reid took time a few minutes ago to blast the house republican, paul ryan, budget plan. >> hand out more budget-busting tax breaks for the wealthy, and to pay for these wasteful tax breaks, ld -- it would end medicare guarantee, it would raise tax on middle class families. to appease the tea party, the ryan republican budget would risk recovery, and that's just a price too high. >> reporter: needless to say, republic
, but the key question for cypress now, given that this is a brand new government, they've only been in town for three weeks and they made an ex politicsit promise that they wouldn't hit depositors, that's going to be the key issue. can they pass it through parliament? carolin roth is the best person to speak to you about that. >> julia, thank you so much for that. everyone here in cyprus is anxiously waiting for that vote on a very controversial bailout deal. now, i should mention that at this point, the ruling party under the president does not have a clear majority in parliament to be able to push through that controversial vote because press reports are indicating that up to three parties could be voting against that bailout deal because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eu
that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in people's pockets. it means less money at home. less money to put in your car. we have to tell the history of our party. the history of freedom and opportunity and equality. which we're not doing. and in your report earlier -- i think -- go ahead. sorry. >> yeah, listening to sarah palin, the republican vice presidential nominee in 2008, what she said at cpac this weekend. >> the next election is 20 months away. now is the time to fu
the consumer. >> we're cautious. we're scared of how the government keeps putting money in people's market. the government trumped 2.4 million jobs and they didn't talk about the 1.9 million people on food stamps and snap program. so we're just very, very cautious. >> you're a new york, l.a. california guy. >> i'm not sure where this is going. >> you're not drinking the kool-aid on the big government? >> no. >> steve, thank you for being here. >> it's been a lot of fun. >> thank you. make sure you join us tomorrow. "squawk on the street" begins right now. ♪ ♪ ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with jim kramer and scott wapner. carl quintanilla and david faber have the week off. let's take a look at how we are setting up in the united states. we are looking at a strong open higher and the dow up at 79 points and yesterday we did see signs of life and the dow surging late in the session and the dow looking to snap that three-day losing streak. as for europe, both stocks and the euro seeing some relief. we do have a bounce here, a nice one,
counterparts about what's going on in syria. did the government in syria use chemical weapons against its own people. that's a big question. obviously the nuclear showdown with iran. the presidentister wants assurance if that diplomacy doesn't bear fruit that the president of the united states is prepared to put the military option on the table. and, yes, the president did say he wants to have peace in the holy land and he will make that a priority. no accident the president says that this is the first international trip of his second term. >> this is no accident. across this region, the winds of change bring both promise and peril. so i see this visit as an opportunity to reaffirm the unbreakable bond between our nations, to restate america's unwavering commitment to israel's security, and to speak directly to the people of israel and to your neighbors. >> reporter: now, remember, carol, the first big trip of the president's first term was that trip to cairo. he gave that big speech promising more outreach to the arab and muslim world. some israelis took offense, they didn't think he took en
as obama scares us into thinking it is. we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right? while i don't expect a grand bargain in washington, i think that's off the table, it's always possible and if that happens and you're short the market, betting against it or don't have enough stock, you will be left behind. you will be crushed. you short the market, we get a grand bargain, one solution. second, the brinkmanship game in europe could get resolved with some solution we don't know about yet that w
can make them in government, pollute the air, cheap energy for the factory and low shipping costs? that's become the american way. i'm calling it continental-cide. confiscating deposits will inspire fear when confidence is needed. fear makes people act differently. it takes away the confidence they need for the future. that tightens credit. never forget that the entomology of credit is the latin word credere, which means to believe. how can you believe in a continent or currency that can have your money locked down or crunched as in cyprus? i can't get credit to build and credit to buy, can't get cash to eat. so that spills over to our industrials. many of our companies need european credit to get people there to buy our goods. you can see how worldwide slowdown could be viewed as in the wind. that's why caterpillar and deere have been going down. you need credit to buy capital goods like they sell. dead cat not bouncy. bambi's mom getting shot at. that's caterpillar and deere. thumper's had better days. the classical cyclicals gravitate to homes. they are both positive for the u.
partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion e
cordial greetings to the head of states and government. to the official delegations of many countries of the world and the diplomatic corps. in the gospel we heard that joseph did as the angel of the lord commanded him and took mary as his wife. in these words, we already have the mission that god entrusts to joseph. that of being the custos, the protector. protector of whom? of mary and jesus. but it's a protection that extends to the church, as blessed john paul ii underlined. just as st. joseph took loving care of mary, and gladly dedicated himself to jesus christ's upbringing, he likewise watches over and protects christ's mystical body, the church, of which the virgin mary is the exemplar and model. how does joseph exercise this protection? this role as protector? with discretion, discreetly, humbly, in silence, but with a constant presence and a total fidelity, even when he doesn't understand. from the matrimony with mary, to the episode of jesus when he was 12 years old in the temple of jerusalem, he accompanies, tenderly in every moment. he's next to mary, his spouse in serene
standing by in beirut, lebanon. the rebels say the government killed 25 people with a chemical weapon. help us out here. who is telling the truth? >> reporter: it still isn't really clear, jake. we don't have confirmation chemical weapons were used but there are two separate incidents. one in a city in the north, aleppo, in which the regime says it was hit by a chemical weapon fired by rebels and the russian government backing that up one activist saying this seems to have landed between rebel and regime lines and may have hit civilians in the regime area and regime troops, too. another instance near damascus to the east in which rebels do appear to have been hit by some kind of suffocating gas. not clear what it was but certainly the logic test suggests rebels aren't going to be aim agate themselves with these weapons and we know the regime has a large stockpile. >> is there a faction within the opposition that cob obtain chemical weapons? is it even possible? >> reporter: that's always been the real fear as we heard about radicalization, the fractious nature of the rebel movement. to be h
in the military government in the 1970's argentina government. the president there has been out spoken critic of same sex marriage and free contraceptio contraception. human rights activist caused the pope of turning blind eye of former military rejaime but the vatican call the charges slanderous. the pope will be installed in less than 2 hours. we will carry the installation ceremony live beginning at 1 12:50 in the morning. also have leif streaming coverage of the mass that follows at abc 7 news.com. at 1:30 am. >> coming up here next exploratorium concert cut shor short. >> she was serious. people in the audience were screaming. stop it please people started walking out. >> san francisco night club pulls the plug on a sinker for the first time in its history. what she said that stirred so so many people up got them to get up and leave. >> are you kidding me? you have no clue what you are doing. >> fireworks outside of court following lindsay lohan sentencing. why her dad was so fewer with us an attorney. >> and the world tiniest medical microscope. what make this is device potential
and we are waiting for a statement now from the government in cyprus. events have been moving very, very quickly on the ground this morning. the finance minister had flown to moscow to wait it out for a negotiation on some form of the deal. but he's since flown back to cyprus this morning empty handed. all he managed to secure was the extension of an existing loan. the onus is now very much on the europeans and what they'll come up with. russian visitors were not interested into buying into the gas reserves. we are now waiting to see what they would come up with a plan to restructure the bank. but this discussion has been delayed and it feels as though this may have happened, some of the europeans, particularly the german webs they had been in this situation saying that they wanted to see out of any proposals, debt sustainability and also bank restructuring. this sustainability has been key because if the cypriots requested any form of a new loan, this would add to the debt burden that they had. the question has always been since the cypriots rejected that tax, how they plug this gap on
that accompanies him here, the dirty war, terrible civil conflict between a conservative government and leftist rebellion in the 1970s. many thousands of people disappeared, killed. the role of many people in the catholic church questioned, challenged on both sides. and cokie, i just want to go to you on this. this is something that has been brought up by critics of then cardinal bergoglio, now pope francis, that he did not do enough. some even say that he might have been complicit. >> he was actually superior, the provincial of the judgments at the time of the dirty war. and there was one particular accusation about two jesuits who were working with the poor. they were what we called at the time liberation theologians, and then father bergoglio had his disagreement was that theology. but, and the accusation is that he with drew his protection from them and they were then tortured and almost killed by the regime. in the days since he has been named pope, we have seen a lot of reporting on this. and what appears to be the case was that he was not a collaborator in any way with the military regim
, it can't be a crisis because the government isn't doing anything to correct it. they always know best, don't they? let's look at a two-year chart of yields and doing everything pretty much under 2% and lower than that, but here's what's interesting. open the chart up to year to date. tell you what, if you take off the ten-year on the top of the chart and show it to a technician, he's not going to be particularly bullish on this chart and it looks like yields at least for the moment technically have topped and if you look at the boon, it's an exaggerated correction off of its levels of higher yields and indeed it is leading the ways and we've seen the spread between ten-year u.s. and ten-year european boons widen to the widest level in seven, plus years. this is not investment grade and it isn't the barclays spread and this is an etf and it's very enlightening to look at it over the last couple of weeks going back to february because it's creeping up in a way that's similar to stocks. the stocks firm up and the reach for yield is firming up especially when all of that is going on with
, look, it's absolutely critical that whatever plan the cyprus government comes up, that it basically polices the european central bank enough that they do not cut off the vital funding that the banks in cyprus need. if that were to happen, then you would take the crisis in that country up to a new level, and i think that starts to surface again, all the sort of problems that have moved to the back of investor's minds. let's face it, cyprus isn't about cyprus. it's about whether bank runs on cyrus spread to bank runs in italy and spain. if they can contain that crisis, that can stay sort of on the back burner. i think investors need to be aware that one of the reasons the market's rally has been so powerful so far this year is because the world has seemed less risky than id dt did last year. china didn't have a hard landing. as we see some of those risks start to perhaps rise again, that might be cause for a little bit of pullback and a reduction in risk appetite. >> we will leave it there. gentleman, thank you very much. heather, guys, we'll see you soon. appreciate your time tonight
out right now. it is up roughly 84 points. a government spokesperson inside cyprus says officials could make a decision later on today. cyprus is facing a monday deadline to come up with $7.5 billion in order to secure a bailout from the european union and the international monetary fund. all right. the faa today announces it is cutting funding to 189 air traffic control towers because of those forced spending cuts. at least three of the towers were built with federal stimulus money and have just recently opened. the faa is furloughing employees and eliminating shifts at some towers. the agency says the towers targeted for closure are at lower volume airports with fewer than 150,000 takeoffs or landings in a year's span. >>> to politics now. we're seeing signs that congress is moving closer to comprehensive immigration reform. some leading conservatives now say they will support a path to citizenship for undocumented immigrants. congressman paul ryan spelled out his position in "the situation room" with wolf blitzer. >> well, i think we can get comprehensive immigration reform. i
was rotten to the core. a place for the russians to hide money from the government. if these banks were in the united states they would have been seized a long time ago so any testament to the cluelessness and phony supervision of the brain dead european regulators that it ever got out of hand like this. service. we're in big trouble. who knows? it could happen here probably around the corner. and that's when i blew my top. first, our banks are the best regulated in the world despite what senator elizabeth warren and chief prosecutor -- i'm sorry, chief reporter gretchen morganson from the new york times might tell us. it's not going to happen here and while i think it's always right to worry about the italian banks because they're poorly capitalized, i'm not going to saber rattle and make you fearful of wells fargo or huntington bancorp or first horizon or j.p. morgan. love 40, i say. no, no, game! at that point it was my turn to serve. i had no more patience. to each and every bear and by my account there were a dozen of them, i ask what does the cyprus crisis have to do with the pric
to manage the federal government in the same way. >> a sequester for the university. all right. jason? >> this is a miss for new york governor andrew cuomo who wants to extend the temporary tax increase on high income earners in the state after promising to let it expire. for the second time extending that temporary tax increase. do you think voters would learn after a while they're being played here? apparently not. out in california governor jerry brown sold californians on a temporary tax increase for high income earners in his state. i guess the blue state liberals never learn. >> paul: bret? >> briefly a hit for pope francis off to a fantastic start and i think this is obviously true for catholics and even as a non-catholic you see a pope getting out and mingling with people and showing love and humility to the people assemblying by the hundreds of thousands in rome to see him. next week, he's going to go and wash the feet of inmates in a prison for young offenders and this is the right way it seems to me to conduct the papacy and wish him continued success. >> paul: thank you al
to the federal law that says that the federal government will not recognize same-sex marriages even in states where it is legal. so people, and gay people who are married in new york and new england and all of the states where it is legal, they cannot file joint tax return, and they can't get social security survivor's benefits and if the court upholds doe m s doma all is overturn and if it is overturned then the federal government will have to treat married people like married people. >> does it line up in the court that way as well? >> well, this is always a difficult question is what effect does public opinion have on the justices. the official answer is none. they apply the constitution, and the real world answer is plenty. there are five republicans and four democrats on the supreme court, and that is pretty much all you need to know, and however, one of the republicans is anthony kennedy who has been generally very supportive of gay rights and so many people think that he is going to join the democrats in vetting to overturn doma. >> and neither of us is old enough, but when we are are
government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> jesse: a charity chase. >> clayton: help my parents out if they wanted to do like a bathroom repair they've been looking at. >> alisyn: the bathroom repair. >> clayton: and go, buy a couple of dvd's. >> j
to approve the deal. the cypriot government does not have to approve the deal. is that not weird it you in the biggest worry to me is the effect of this whole union of the think banking commit pep steve liesman was talking about it this morning and i think he's right. there will be people slowly moving deposits out of the higher risk countries and maybe into the u.s. and the uk, as well. here's what to look for. april 4th and that's the ecb meeting. watch what mario draghi has to say about that and that he'll make liquidity more available to banks. remember those ltros that they did about a year ago. don't be surprised that they dragged those things out again and everybody was talking about the weak top line growth. there is the company that has to be the envy for everybody looking for top line growth. their projected sales for 2014 and 10% to 12% increase and take out all of the new stores and same-store sales growth, 4% to 6% and those are really good numbers and that stock's up today sitting at a six-month high and i want to see a big welcome to people on the floor and we have ice tr
in california. the federal law says the federal government will not recognize same-sex marriages even in states where it's legal. so people -- gay people who are married in new york and new england and all of the states where it's legal, they can't file joint tax returns or get joint survivor's social security benefits. if the supreme court upholds doma, all of that remains the same. if they overturn it, the federal government will have to treat married people as married people. >> more than half of the country now in support of same-sex marriage. is it that way? does the court line up that way as well? >> this is always a very difficult question. what effect does public opinion have on the justices? the official answer is none. they just apply the constitution. the real-world answer is, plenty. there are five republicans and four democrats on the supreme court. that's pretty much all you need to know. however, one of the republicans is anthony kennedy who has been generally very supportive of gay rights. so many people think he will join the democrats in voting to overturn doma. >> when talkin
waking up to hear the solutions the government offered day before have now been cast aside. during thursday grew with atms, gas station asked only for cash, stops stayed shutter, panic built. a two-year's work for her, her savings, not smnl e something she can even lose 2% of. >> translator: i feel like it's a million because i worked for it, sweat for it, i saved this money. it's desperation that grips your soul. a desperate situation. and you cannot find your way out. >> she jokes her life is like a fairy tale. it gets scarier the longer it goes on. nick paton walsh, cnn, nicosia. >> world markets are waiting and watching all this unfold. >> we have reporters in cyprus and here in the u.s. tracking the latest developments. let's bring in our jim bolden who is in nicosia and zain asher in new york. >> i wish i could tell you plan b is being debated here in the parliament, but i walked into the chamber itself and there's nobody in there. six hours ago they started to debate these bills to try to fix the financial system, but the talks are still going on behind the scenes. we still
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